IMF Urges Pakistan to Fix Tax System for Economic Stability

The International Monetary Fund (IMF) has urged Pakistan to reform its tax system, emphasizing a fairer, broader, and more predictable regime to build on recent economic stability. IMF Director Jihad Azour highlighted the need to bring under-taxed sectors into the net and empower Pakistan Revenue Automation Limited (PRAL) to leverage technology for better compliance. This structural reform aims to reduce the disproportionate burden on existing taxpayers and combat widespread evasion. Successful implementation could bolster Pakistan's fiscal health, potentially supporting PKR stability against the USD and influencing local gold prices.

بحوالہ / Source: www.brecorder.com